亚振家居(603389) - 2018 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -20,932,896.14, a decline of 149.97% year-on-year[6] - Operating revenue for the first nine months was CNY 292,277,887.31, down 22.23% from CNY 375,803,545.98 in the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY -27,866,140.75, a decline of 172.03% year-on-year[6] - The company reported a net loss attributable to shareholders of ¥20,932,900 for the first three quarters of 2018, with expectations of significant decline or losses compared to the same period last year[20] - Net profit for Q3 2018 was a loss of ¥3,744,236.72, compared to a profit of ¥19,296,851.04 in Q3 2017, representing a significant decline[34] - Total comprehensive income for Q3 2018 was a loss of ¥3,744,236.72, compared to a gain of ¥19,296,851.04 in Q3 2017[35] - The company reported a total revenue of ¥292,277,887.31 for the first nine months of 2018, down from ¥375,803,545.98 in the same period of 2017, a decline of 22.2%[32] - Total revenue for the first nine months of 2018 was CNY 381,538,624.60, a decrease from CNY 443,158,752.00 in the same period last year, representing a decline of approximately 13.93%[39] Cash Flow - The net cash flow from operating activities was CNY -87,636,011.58, a decrease of 791.38% compared to CNY -9,831,470.65 in the previous year[6] - Net cash flow from operating activities for the first nine months was -CNY 87,636,011.58, compared to -CNY 9,831,470.65 in the previous year, indicating a worsening of cash flow[39] - Cash inflow from financing activities was CNY 1,544,070.00, while cash outflow was CNY 19,106,600.00, leading to a net cash flow of -CNY 17,562,530.00[40] - Cash outflow from operating activities totaled $202,389,437.48, an increase from $191,249,545.28 in the previous year[42] - Net cash flow from operating activities was -$35,426,843.57, compared to -$9,100,400.43 in the same quarter last year[42] - Net cash flow from investment activities was -CNY 71,010,847.83, an improvement from -CNY 353,302,474.74 in the previous year[40] - Net cash flow from investment activities was -$61,998,107.22, an improvement from -$317,559,211.17 year-over-year[42] Assets and Liabilities - Total assets decreased by 7.76% to CNY 990,982,906.38 compared to the end of the previous year[6] - Total current assets decreased from CNY 755.73 million at the beginning of the year to CNY 564.42 million, a decline of approximately 25.3%[24] - Total non-current assets rose from CNY 318.66 million to CNY 426.56 million, an increase of approximately 33.9%[25] - Total liabilities decreased from CNY 187.72 million to CNY 145.10 million, a reduction of approximately 22.7%[26] - Total equity attributable to shareholders decreased from CNY 884.25 million to CNY 844.71 million, a decline of about 4.5%[26] - The company’s total liabilities decreased by 29.77% to ¥52,834,361.49, mainly due to increased payments of accounts payable[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,927[10] - The largest shareholder, Shanghai Yazhen Investment, held 64.12% of the shares, totaling 140,400,000 shares[10] Operational Metrics - The weighted average return on equity dropped by 7.30 percentage points to -2.40%[6] - Basic earnings per share were CNY -0.10, a decrease of 152.63% from CNY 0.19 in the previous year[6] - Basic earnings per share for Q3 2018 was -0.01 yuan, down from 0.09 yuan in Q3 2017[35] - Operating profit for the first nine months of 2018 was ¥607,928.93, a decrease from ¥47,086,362.41 in the same period of 2017[36] Inventory and Expenses - Inventory increased by 15.55% to ¥272,690,439.84, mainly due to the addition of new direct stores and the production of the new product "AZ1865" increasing finished goods and raw material stock[15] - The company’s operating expenses for the first nine months were CNY 473,325,380.05, an increase from CNY 458,802,243.12 in the previous year[39] - Research and development expenses for Q3 2018 were ¥6,914,637.03, compared to ¥6,740,336.74 in Q3 2017, indicating a slight increase[33] - Sales expenses for Q3 2018 increased to ¥38,624,004.99 from ¥35,024,385.32 in Q3 2017, reflecting a rise of 7.3%[33] Government Support - The company received government subsidies amounting to CNY 2,702,668.98 during the reporting period[8]